ESVA Board Meeting Documents

Documents for the ESVA meeting to be held November 27, 2010, 1PM in Edmonds:

Draft Minutes of July 24th ESVA Board meeting

Financial Statements from the July 24, 2010 meeting in Renton: by Nancy Regan, Treasurer

The following files in PDF format show the balance sheet as of 30 Jun 2010,  the budget to actual income statement for the year ended 30 Jun 2010, and an image of the screen that showed our balances as of 30 Jun 2010.  The sum of the amounts in the two accounts (checking $31,881.11 and savings $25.62) is $31,906.73.  I have blacked out the account numbers on the statement.  This amount agrees to the account balance on the balance sheet (there are no outstanding items at quarter end).  Our combined Harborstone balances at the end of last quarter (March 31) were $30,834.30.  Please let me know if you have questions or would like additional information.

Balance Sheet as of 30 June 2010

Profit and Loss Budget to Actual as of 30 June 2010 

Harborstone Credit Union June 2010 Statement

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Financial documents from the April 10, 2010 meeting in Spokane:

Budget for 2010-2011 fiscal year, passed by the board April 10, 2010.

Financial Statements:  by Nancy Regan, Treasurer

Balance sheet as of 31 Mar 2010  -- Budget to actual income statement for the 9 months ended 31 Mar 2010.

Harborstone Credit Union March statement -- The sum of the amounts in the two accounts (checking $30,808.70 and savings $25.60) is $30,834.30.  I have blacked out the account numbers on the statement.

This amount agrees to the account balance on the balance sheet (there are no outstanding items at quarter end).Our balance at the end of last quarter was $33,094.19.

Here are the financial highlights:

Income is below budget by $2,100 YTD; about half of the shortfall is attributable to lower than planned after action fees.  YRE fees are also below budget, as is interest income.  Sales of challenge books are above budget.

• Almost all expense categories are about at or well below budget.
• Expense for Marketing / Club copies of the Pathfinder are significantly over budget.
• We had planned an operating shortfall of $450 and a special purpose shortfall of $2,700 YTD, for a total planned loss of $3,150 YTD.  Our actual loss is $5,014.93 YTD, about $1,900 worse than planned.

Please let me know if you have questions or would like additional information.

Regards,  Nancy Regan, Treasurer